He is quoted as saying that the Government did not disclose any specific amounts or other details of the bond sales to the IMF, which concluded regular consultations with Qatar earlier this month.

Prasad reportedly said the timing of this year's bond issues was likely to revolve around maturities of previously issued debt, so that Qatar could refinance the debt.

"We have recommended to the QCB that... if there are liquidity movements and fluctuations in the short term, it would be useful to have a reverse repo instrument to absorb liquidity; they see merit in these suggestions," Prasad told Reuters. “They want to move into more open market operations, but it will take some time,"